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MEGHMANI ORGANICS LIMITED (Incorporated as a limited liability company in India)
CORPORATE OFFICE: “MEGHMANI HOUSE”, B/H SAFAL PROFITAIRE, CORPORATE ROAD, PRAHLADNAGAR,
AHMEDABAD-380 015. (INDIA)
PHONE: +91-79-29709600 FAX : 91-79-29709605 EMAIL : [email protected] URL: www.meghmani.com
RESPONSE TO SGX QUERIES ON THIRD QUARTER RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2019
The Board of Directors of Meghmani Organics Limited (the “Company”) wishes to announce its response to the queries raised by the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 13 February 2020 relating to the Company’s third quarter results for the period ended 31 December 2019:-
Query 1 Administrative expenses increased by 18.6% from Rs 186.3 million to Rs 220.9 million. Please provide a breakdown of the Administrative expenses and explain the reasons for the increase for each major items against the previous reporting period. Response to Query 1
ADMINISTRATIVE EXPENSES Q3 - 19-20 Q3 - 18-19 Q3
Variance
Rent , rates & taxes 6,554.86 8,173.74 (1,618.88)
Travelling expenditures 10,870.99 10,138.74 732.25
Postage and telephone 2,733.09 2,712.12 20.97
Insurance premium 23,563.74 15,334.16 8,229.59
Stationery & printing expenses 1,991.75 1,821.89 169.86
Legal & Professional Fees 24,804.99 16,893.56 7,911.43
Advertisement expenses 1,645.77 780.92 864.85
Audit fees 942.31 1,835.58 (893.27)
Donations 28,061.50 5,033.67 23,027.83
Repairs & maintenance to others 1,206.41 756.45 449.96
Directors sitting fees 225.00 200.00 25.00
Vehicle expenses 4,795.65 4,788.75 6.90
Stockexchange expenses 1,501.44 2,435.87 (934.42)
Software expenses 2,044.83 3,179.09 (1,134.26)
Other expenses 1,09,972.42 1,12,194.28 (2,221.86)
Total 2,20,914.76 1,86,278.80 34,635.95
Reasons for major variance in Items :- (1) Insurance Premium: - Increase in Rate of Premium of the Insurance Company.
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(2) Legal & Professional Fees :- The Addition is due to Legal Fees paid to Intermediaries of Scheme of
Arrangement
(3) Donations: - CSR amount provided in current quarter to comply with the requirements
Query 2 The Company wrote off Bad trade receivables amounting to Rs 35.2 million for 3Q2019 which is an increase of 325% from the previous reporting period.
a) Please elaborate on the Company’s credit policy and how are its customers assessed for creditworthiness.
b) Please explain for the significant increase in Bad trade receivables written off in this reporting period and elaborate what efforts were made in attempts to recover these debts.
c) Please disclose the identities of the customers owing these debts and whether the Company is still doing business with them.
Response to Query 2 Credit Policy :- Agrochemical 120 days :- Pigment – 90 days The reason for significant increase is due to provision made as advised by Statutory Auditor. Yes. The elaborate efforts are being made by Marketing Team. Almost 73% of Bad Debts are of Agrochemicals. The sped recovery is dependent on good monsoon.
Sr. No. Customer name Addition Q3 2019-20 Rs. In Thousand
1. BIHANI IMPEX PVT. LTD. -904.10
2. DAG PRINTING INKS COMPANY. -212.92
3. MEGHACHEM INDUSTRIES -5.80
4. RAJIT PAINTS LTD. -690.03
5. SADEM (INDIA ) LTD. -43.92
6. SHAKTI PRESS LIMITED -54.73
7. SHOBAN PIGMENTS -56.51
8. SIMCO PAINT & CHEMICALS -67.26
9. VALIA CHEMICALS PVT. LTD. -861.00
10. NIKKI BEEJ BHANDAR - DATAULI -10.25
11. SHIV SHAKTI PESTICIDES - SANGRUR 366.27
12. MONGA PESTICIDES - SADIQ 219.54
13. NAMBERDAR KHETI STORE - MUDKI -47.00
14. AGARWAL PESTICIDES - DHANAURA 288.69
15. FRIENDS KHETI SEVA CENTRE 4.05
16. RAJASTHAN BEEJ BHANDAR - KHAJUWALA -100.00
17. SARVA KRISHI KENDRA - RAJA KHUJJI 79.36
Sr. No. Customer name Addition Q3 2019-20
18. SHIVAM TRADERS - KANDEL -50.00
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19. Shreekala Intermediate Pvt LTd 33.05
20. GOPINATH CHEMTECH LIMITED 2.10
21. CHETAK ENTERPRISES 355.20
22. SHIVLAHERI AGRO AGENCY - MORBI -114.75
23. JAY AMBE CHEMICALS WORKS 595.08
24. MEHUL BEEJ BHANDAR - MANSA 0.33
25. DASHMESH SEED & FERTILIZERS - AMARI 153.43
26. KRISHI SEWA KENDRA - BHAGWANPUR 186.56
27. GURU NANAK SEEDS AND PESTICIDES - K 68.86
28. RAVI ORGANICS LIMITED -712.38
29. SHIV AGRO SALES - SAFIDON 283.05
30. ASHIRVAD SALES CORPORATION - IDAR 33.08
31. ANIMESH AGRAWAL - BATAULI 32.16
32. JAY SURYA TRACTORS - KHARGONE -246.57
33. CRYSTAL CHLORIDE -3.43
34. MAA BHAGWATI BEEJ BHANDAR - SANAWAD 0.04
35. NAVRATAN SPECIALITY CHEMICAL LLP -21.92
36. RAJPUT KHAD AGENCY - DAHISARA -11.90
37. MALWA PESTICIDES - BAGHA PURANA -30.45
38. THE GREEN ENVIRONMENT SERVICES 261.19
39. PUNJAB PESTICIDES - CHUTMALPUR 28.64
40. SAVARIYA SEEDS - BEDIYA 76.60
41. KISAN SEWA KENDRA - ISMAILABAD 97.34
42. BABA SEEDS & FERTILIZERS - JALESAR -25.87
43. KRISHNA AGRO SEEDS - LODHIKA -532.45
44. KUSHWAHA BEEJ BHANDAR - RAMKOLA 208.08
45. DINESH TRADERS - SIDDHARTHNAGAR 115.97
46. GENETIC TRADING CORPORATION -240.13
47. KANKARIYA TEXTILE IND PVT LTD 253.16
48. ANNYAPURNA BEEJ EVAM KHAD BHANDAR - -18.94
49. AHAMED PESTICIDES - MALIHABAD -119.76
50. GHANSHYAM KRISHI KENDRA - THAN KHAM 6.27
51. KHEHRA AGRO AGENCY - SAKARIA 101.66
52. NANDAN DENIM LIMITED 72.10
53. SRI SRI VENKATESHWARA AGRO CHEMICAL 137.64
54. SREE SAI LAKSHMI FERT.& PEST - MOKA 2.94
55. SOGALAD & SONS - BAILHONGAL -20.00
56. OM SRI BALAJI TRADING COMPANY - MAN 59.28
57. B.H.VASUDEVAPAI&SONS - CHIKMAGALUR 170.25
58. SREE VEERABHADRESHWARA AGRO INPUTS 21.13
59. SRI BASAVESHWARA TRADERS - SAKARAYA -42.71
60. TEJAS AGRO AGENCIES - SAKREPATANA -0.57
61. ADHILAKSHMI ETERPRISES - GANGAVATHI -11.09
62. AKASH TRADERS - JIGALIKUMBALURE (PO 17.81
Sr. No. Customer name Addition Q3 2019-20
63. JAYA LAKSHMI TRADERS - MYSORE 317.81
64. VIKAAS TRADERS - GUBBI -18.49
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65. KAILASH AGRO AGENCIES - BHOKARDAN 50.00
66. RAHUL KRUSHI KENDRA - SIDHEWAHI 0.49
67. SANDIP KRISHI SEVA KENDRA -LASUR ST 110.89
68. SARVASHREE AGRO AGENCIES - TALEGAON 81.50
69. SHREE SWAMI SAMARTH KRISHI SEWA KEN -35.30
70. SHREENATH KRISHI KENDRA, PURNA 46.55
71. SHRI SWAMI KRUSHI KENDRA - MALIWADA 0.15
72. VIVEKSHEEL AGRO SALES PVT LTD, PIMP 25.53
73. SHRI YOGESHWAR KRUSHI KENDRA - BHAD 1.65
74. SRI MANGALA AGRO AGENCIES - VIJAYAN 10.91
75. RAMANJANEYA AGRO ENTERPRISES - ELUR -118.00
76. SRI RAGHAVA PESTICIDES & SEEDS-Elur 459.21
77. VINOD SEEDS CENTRE - CHITTOOR 72.58
78. KUMARI SEEDS & PESTICIDES - CHITTOO 56.82
79. SRI SAI KAMAKSHI RYTHU DEPOT - NELL -60.00
80. SRI LAKSHMI PRASANNAJNEYA AGENCIES -12.98
81. NAGA SAI LAKSHMI TRADERS - PANDRAPA 59.87
82. SREE LAKSHMI SUBRAMANYESWARA AGENCI -84.35
83. SRI LAKSHMI VENKATESWARA RYTHU DEPO 55.21
84. DIVAN PESTICIDES & SEEDS - PEBBIR -0.50
85. SATYA AGENCIES - KURNOOL 554.03
86. SRI VENKATESWARA FERT & PEST - IEEJ 10.00
87. SATYAM TRADERS - BAHTLI -12.56
88. KRUSHI UDYOG - KUAKHIA -93.27
89. Ayva Agro Trading Co.(p) Ltd - KATT 191.76
90. UMA FARM SERVICE - TRICHY 146.56
91. SRI CHENNAMMAL AGRO SERVICE - NARIP -5.51
92. PASUMAI AGRO SERVICE - BIG KANCHIPU 55.85
93. RASI AGRI CLINIC - VIRUDHACHALAM 88.62
94. VENKATESHWARA AGRO CENTRE - PUDUCHE 66.76
95. SRI SAKTHI AGRI CORPORATION - KALLA 26.00
96. MALAR AGRO CENTRE - SETHIYATHOPE 140.42
97. PASUMAI AGRO CENTRE - MAYILADUTHURA 196.98
98. ANNADATA SEEDS/FERTILIZERS - ADILAB 2.87
99. SRI MANJUNATHA TRADERS - GURRAMPET -10.00
100. SRI SAI RAM SEEDS & FERT - PARGI -49.00
101. AGRI BUSINESS CENTRE - DUMRA 273.77
102. BAJWA PESTICIDES - GODI 696.72
103. SRI SRINIVASA SEEDS , FERT. & PEST -10.00
104. SRI VASAVI FERT. SEEDS & PESTICIDES 199.31
105. CHIRAG AGRO AGENCIES - KOTTUR 124.30
Sr. No. Customer name Addition Q3 2019-20
106. KAUSHIK KRISHI SEWA KENDRA - DHANDH -114.04
107. SRI ANJANEYA AGRO AGENCIES - MANCHU -90.00
108. SHRI RAM KHAD BEEJ BHANDAR - RAJALD 8.62
109. KISAN TRADING COMPANY - CHUTMALPUR 32.07
110. SHRI GURU NANAK AGRI CLINIC - BEGUM 221.37
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111. NEW J.K. FERTILIZERS - RANGENAHALLI -41.28
112. MARUTHI FERTILISERS - NARASARAOPETA 22.76
113. CHARITHA FERT & PEST - KAMALAPURAM -30.00
114. SHREESHAILA MALLIKARJUNA TRADRES -2.74
115. SRI SATYA SAI FERTILIZERS - DURGI 148.77
116. SHIRIDI SAI FERTILIZERS - JAMALAMAD -49.70
117. KISSAN KHETI SEWA CENTRE - AMLOH -259.64
118. JAHNAVI FERTILIZERS,PEST.,& SEEDS - -20.00
119. V.NARASIMHARAO & CO - VIJAYAWADA -16.03
120. PATEL NAGENDRA REDDY SEEDS & PESTIC 25.88
121. SRI LAKSHMI MADILETY SWAMY RYTHU DE 330.60
122. NEW JANTA BEEJ BHANDAR - KAURIRAM -66.25
123. SRI VINAYAKA SEEDS & PESTICIDES - A 161.78
124. SRI HANUMAN TRADERS - PUTANI THANDA 22.08
125. RANGREJ PROCESS PVT. LTD. 4.02
126. KALYANI KRISHI KENDRA - AMLIDIH KAW -149.16
127. CHLORIDES INDIA 28.11
128. CHOUNDESHWARI AGRO AGENCY - NAGTHAN 9.65
129. PATIL KRUSHI SEVA KENDRA - SOEGAON 501.61
130. MANAS KRISHI KENDRA - DASKEBARDI 121.62
131. KAMBLE BROTHERS KRISHI SEVA KENDRA -0.46
132. ABIRAMI SEEDS - VILLUPURAM -25.00
133. GURUKRUPA AGROTECH - RATLAM 56.80
134. GURJAR KRISHI SEWA KENDRA - SAIYADP 6.00
135. M/s HIRA CHEMICAL INDUSTRIES -0.57
136. GANESH AGENCY - KAVERI PAKKAM 70.04
137. SUBRAHMANYESWARA TRADERS - NAGAVARA -48.23
138. SAI VIGNESWARA AGENCIES - KAKUMANU 0.47
139. AARUMUGA AGRO AGENCIES - BANAVARAM 212.53
140. VINAYAKA AGROS - VELLATUR 93.47
141. SHRI BALAJI FERTILIZERS - BAJJU -221.74
142. SRI MARUTHI TRADERS - DAVANGERE 104.03
143. SHRI VINAYAKA AGRO KENDRA - MASUR -7.26
144. NEW SHAIL CHANDRA TRADERS - GAURI B 93.31
145. CHOUDHARI AGRO AGENCY - PETLAWAD -60.00
146. GAYATRI KRISHI SEWA KENDRA - PUNASA 222.26
Sr. No. Customer name Addition Q3 2019-20
147. GURU KRIPA KRISHI KENDRA - TORA -35.00
148. R. K. FERTILIZER & PESTICIDES - SRI 49.41
149. VARAD FERTILIZERS PVT. LTD. -7.00
150. P & J CRETECHEM (P) LTD -22.50
151. SOLVEX TECHNOLOGY 5.38
152. SAHARA PESTICIDES - SIYANA -499.47
153. SHRI SHIVAM AGRO AGENCIES - NOGAWAN -118.78
154. GAUTAM BEEJ BHANDAR - BHUNA -18.09
155. AKASH AGRO INDUSTRIES 0.42
156. KRISHI RASAYAN AND KHAD BHANDAR - C -45.00
157. SHIVKRUPA KRUSHI VIKAS KENDRA - NAL -37.00
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158. RAM TRADERS - BHULGAON 99.89
159. GANESH TRADING COMPANY - LATUR -460.00
160. SANTOSH KRUSHI KENDRA - KARKAMB 16.14
161. VERMA KRISHI KENDRA - LIMTARA 237.54
162. NAIN AGRICULTURE STORE - UKLANA 95.40
163. NATURE CROP CHEMICAL - SALAMEDU 49.58
164. KUMARAN AGENCIES - EMBALAM 141.13
165. LUXMI TRADING COMPANY - JAMALPUR SH -35.72
166. JAY MAHAVIR STORE - BALIPUT -129.18
167. HANUMANGARH BEEJ BHANDAR - LUNKARNS -160.00
168. SHREE GANESH PESTICIDES - RAJIYASAR -52.00
169. UNIQUE TRADERS - SAHASPUR 307.99
170. TYAGI KEETNASHAK AND BEEJ BHADAR - 16.32
171. KISHAN AGRO CENTRE & FERTILIZERS - -34.91
172. SAI KRUSHI KENDRA - VARKHEDI BK 0.57
173. ANJANI TRADERS - DAHAGAON -20.00
174. KABIRDASS FERTILIZERS - RAMANATHAN 609.43
175. MAA TRIPURA AGRO AGENCY - BAMNIYA -15.60
176. HARIKRUSHNA MACHINE TECH PVT LTD -101.12
177. AJIT KRUSHI SEVA KENDRA - SILLOD 94.69
178. LAHOTI AGRO TRADERS - AMBAD -39.74
179. ARAKHITA CHARAN PRUSTY - PIPILI 510.18
180. PARAG AGRO AGENCIES - AURANGABAD 13.39
181. SRI VINODA FERTILIZERS, PESTI. & SE -24.85
182. SHRI SHIVGIRI KRUSHI UDYOG - CHIKAL -50.00
183. GAJALAXMI STORE - SERSUANTAL 221.88
184. BHUMI AGRO PESTICIDES - SARDAR SHAH 182.46
185. KHUSHALI KISAN SEVA KENDRA - BARBER 410.10
186. MAYAKKA KRISHI KENDRA - YELMER 86.25
187. BHARADWAJ ENTERPRISES - BOLANGIR -77.57
188. SAIRAM TRADERS - PUTTAVARIPALEM -80.00
189. SRI RENUKA TRADERS - SHYAGALE -90.49
190. SRI GURU KATTE BASAVESHWARA AGRO TR 40.55
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Sr. No. Customer name Addition Q3 2019-20
191. SANGHVI AGRO SERVICES - BARSHI -2.54
192. BHARTI KRISHI SEWA KENDRA - CHIDAWA 188.87
193. S K ENTERPRISES - URLEY 20.50
194. SRI VASUKI AGRO CENTRE - RADHAPURAM 95.39
195. BIJAY LAXMI SEEDS STORE - J K PUR 19.20
196. RAM MEHAR SINGH KRISHAN KUMAR - GOR 0.01
197. SRI LAKSHMI MAMATHA FERTILIZERS - P 0.40
198. DIVYA TRADERS - WATPALLY 99.76
199. SUMMAYA SEEDS & PESTICIDES - RAMKYA 89.96
200. YASASWINI FERTILIZERS - KAMBAMPADU 20.34
201. LAXMI FERTILIZERS - RAIKODE 47.87
202. SRI BHAGYAVANTHI SEEDS & PESTICIDES 48.80
203. MAROTI AGRO AGENCY - KAPUSTALNI 39.43
204. BEHERA KRUSHI BHANDAR - SAHASPUR 228.58
205. FATECHAND OGARMAL & CO. - BOISAR 0.03
206. SHRI SHIV SHAKTI KRISHI SEWA KENDRA 59.75
207. MAHALAXMI KRUSHI SEVA KENDRA -1,050.00
208. PUNJAB SEEDS STORE - NARWANA 129.41
209. SHRI SWAMI SAMARTH KRISHI SEVA KEND 179.14
210. PRADEEP SHETYE PVT. LTD -11.48
211. SAI SHETKARI KRUSHI SEVA KENDRA - C 132.28
212. DHANDAI KRISHI SEVA KENDRA - SAKRI 75.82
213. SHRI RAM BEEJ BHANDAR - BHADESAR -7.17
214. SRI LAKSHMI SAI TRADING CORPORATION 48.47
215. GURU GOBIND BEEJ BHANDAR - CHAKERIA -55.78
216. CHOUDHARY AGRO TRADERS - BAREILLY 52.58
217. KRISHNA FERTILIZERS - MEERUT 75.08
218. MAA PARBATI SARA BHANDAR - KAHIRDA -20.00
219. BHUMI KRISHI SEWA KENDRA - HATI 49.76
220. PATEL BEEJ BHANDAR - KHARIAR 401.71
221. SAMRIDDHI KRISHAK SEWA KENDRA - CHH 94.11
222. ANKIT KRISHI KENDRA - BIRULBAZAR -0.03
223. BALAJI AGRO AGENCIES - SILLOD 17.17
224. SARVODAY KRUSHI SEVA KENDRA - JAYSI 76.72
225. AKBARPUR BEEJ BHANDAR - BULANDSHAHA 53.85
226. SHRI HANUMAN KRISHI STORE - SRI DUN 184.48
227. SANJIVANI KRISHI UDYOG - KOREGAON 397.56
228. HARJINDER AGRICULTURE STORE - RANIA -0.01
229. MAA GAYATRI KRISHI SEWA KENDRA - SH 110.63
230. BADHE AGRO AGENCIES - SHIRUR 4.79
231. MAHADEV AGRO AGENCIES - PADASALA 185.33
232. GANPATI BEEJ BHANDAR - TIBI 173.14
233. AMIRTHAM AGRO TRADERS - PATTUKKOTTA 82.95
234. MITTAL PESTICIDES - DODA 4.49
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Sr. No. Customer name Addition Q3 2019-20
235. RANAWAT KRISHI SEWA KENDRA - BIRDHO -22.71
236. MAHALAXMI BEEJ BHANDAR - BANSEN 132.50
237. KRISHANA FERITLIZER & PESTICIDES - 234.53
238. PAWANSUT AGRO TECH - PIMPLGAON -0.28
239. HARIT KRANTI KRISHI SEVA KENDRA - W 42.72
240. SHEREWALA TRADING COMPANY - RAJPURA -67.99
241. KISAN AGRO CENTRE & FERTILIZERS - R -20.00
242. SHRI SIDDHESHWAR KRISHI SEVA KENDRA 13.14
243. SABUJA PRATISTHAN - BADAHATTA 49.64
244. SHRI RAM TRADERS - ANOOPGARH 235.75
245. SUBASHINI AGROTECH - AYYAMPETAI -20.53
246. GREEN LIFE - GHODASAHI -72.75
247. V.K. & SONS - KATHAR 56.88
248. JITENDRA AGRO AGENCY - CHALISGAON 287.09
249. SRI RAJA RAJESHWARI FERTILIZERS - P 26.26
250. VARUN AGENCIES - CHARBOWLI -370.00
251. SRI BASAVESHWARA AGRO AGENCIES - RA -51.77
252. GARUD KRISHI KENDRA - PAHUR 50.88
253. JANTARAJA KRUSHI KENDRA - KASODA 39.84
254. SHRI VINAYAK KRUSHI KENDRA - KAJGAO 85.93
255. AIMCO PESTICIDES LTD -84.63
256. SHREE HARI KRISHI SEWA KENDRA - HAR -166.33
257. SRI LAXMI SAMMAIAH FERT., PESTI. & 91.70
258. SHAI MAHESWARA AGRO CHEMICALS - IEE -35.59
259. MANORANJAN BEHERA - MAHICHALA 110.00
260. AMARAVATI ENTERPRISES - ETUKURU 183.23
261. DURGA SEEDS STORE - KENDUJHARGARH -15.94
262. KRUSHAKA SATHI - BALAKATI 102.40
263. SHREE MALLIKARJUN AGENCIES - HUBLI 275.58
264. SRI SUGURESHWARA AGRO AGENCIES - RA 39.29
265. RAMA MEDICAL STORE - RAGHUNATHPUR 13.19
266. ARJUNAN FERTILIZER - RAGHUNATHAPURA 3.60
267. SHRIRAM KRUSHI SEVA KENDRA - AMBADA 1.75
268. BHABATOSH PATRA - AREBEDA 67.33
269. DASHMESH PESTICIDES - JATANA KALAN 45.99
270. SAVTA KRUSHI SEVA KENDRA - MUKHED 87.46
271. SHIV AGRICULTURE STORE - OBRA 23.85
272. SINGH TRADERS - KARNAL 569.94
273. BHARAT SEED COMPANY - KARNAL 105.20
274. ANKAMMATALLI TRADERS - GOLLAPUDI 219.44
275. MAHENDRA FERTILIZERS - PONNUR 5.42
276. SHREE MEENATCHI AGRO SERVICE - MALA 34.42
277. DHANLAXMI ENTERPRISES - CHOUTUPPAL 16.15
278. KATIYAR BEEJ BHANDAR - ARAUL 178.94
279. DHANLAXMI FERTILIZERS - T NARASIPUR 265.51
280. PANCHU PADMA WOMEN MULTI PURPOSE CO 41.22
Sr. No. Customer name Addition Q3 2019-20
Page 9 of 13
281. AMBIKA AGRO AGENCY - GELPUR -31.73
282. LAXMI GANPATHI FERT., PESTI. & SEED 363.30
283. SANGAMESHWARA AGENCIES - DHARUR 58.14
284. SANGAM SEEDS & AGRO CHEMICALS - BEL 285.90
285. SRI RAJARAJESHWARI TRADERS - RAICHU 232.98
286. HARSIT KRISHI SEWA KENDRA - RATLAM 118.73
287. SHRI GANESH BEEJ BHANDAR - JULANA 9.99
288. SRI RAJRAJESHWARI SEEDS - SIRUGUPPA -0.54
289. MAHARASHTRA BIO FERTILIZERS (I) P L 5,683.84
290. BAJWA KHETI SEWA CENTRE - SHERPUR -67.68
291. VASAVI TRADERS - PERAVALI -20.00
292. SRI CHANDRA TRADERS - KHAJIPET 19.09
293. SEECON ENTERPRISES - DUNGURIPALI -56.69
294. KATIYAR BEEJ BHANDAR - PARIYAR 182.58
295. VASUDHA SEED ASSOCIATES - KOTTUR 58.51
296. JAI SRIRAM ENTERPRISES - YAPALADINN 5.04
297. KAUSHAL KHAD BHANDAR - MIRZAPUR 3.58
298. NEW LAXMINARAYAN KRISHI SEWA KENDRA -450.82
299. KATRA KRISHI SEWA KENDRA - KARIMGAN 56.25
300. MIRPURIA BEEJ BHANDAR - MANSA 126.76
301. SRI PRASANNA ANJANEYA FERTILIZERS - 66.50
302. SHRI MAHALAXMI KRISHI KENDRA - BEGA 182.41
303. SRI SAI FERTILISERS & PESTICIDES - -14.37
304. HARSIDDI ORGANICS PVT LTD 322.79
305. RAVI BEEJ BHANDAR - SINGHPUR 3.57
306. BYRAVESWARA TRADERS - JAMMALAMADUGU 198.33
307. SHRI RAM KRUSHI KENDRA - PAKANI 41.57
308. MADNI KHAD BEEJ BHANDAR - DANTAUR 24.88
309. VIRAT KRISHI SEWA KENDRA - BIDWAL 49.79
310. KRUSHIRAJA KRUSHI SEVA KENDRA - SAK 23.90
311. SRI BALAJI SALES CORPORATION - BAJJ 84.88
312. HARYANA AGRICULTURE CENTRE - KAITHA 134.54
313. (ANKAMMATALLI TRADERS - CHORAGUDI) 17.35
314. GHORPADE KRUSHI SEVA KENDRA - SHRIR 61.62
315. SRPV CROP CARE PRODUCTS PVT. LTD. - 68.17
316. MAHALAXMI SHETI VIKAS KENDRA - SAHU 223.82
317. NAWAL ENTERPRISES - UKLANA 355.04
318. NAYAK KRISHI SEWA KENDRA - SARAIPAL 575.20
319. MAHARAJGANJ AGRI CLINIC & AGRI BUSI 152.26
320. OM PESTICIDES - KARNAL 294.51
321. Shivam Silica Industries 2.55
322. PUNJAB SEED STORE - HOSHIARPUR 173.53
Sr. No. Customer name Addition Q3 2019-20
323. NISHA AGRO AGENCY - PARANDA 17.86
324. KRUSHIRATNA SHETI SEVA KENDRA - EKA 180.04
325. VIJAY AGRO AGENCIES - SARKOLI 10.00
326. SHITAL AGRO AGENCIES - BARSHI 76.79
327. VIKAS KHETI SEWA CENTER - SARDULGAR 242.43
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328. PATIDAR KRISHI SEWA KENDRA - KOD 106.04
329. OM KRASHI SEVA KENDRA - BANDA 18.95
330. DHURANDHAR KRISHI KENDRA - RANITARA 0.97
331. PUNJAB KHETI BARI CENTRE - CHUNNI K 199.95
332. KISSAN FERTILIZER - GHUMAN 9.74
333. KISHAN BEEJ BHANDAR - CHAJLET 133.24
334. RAJ FERTILIZERS - AMEER KHAN KA MAJ 105.76
335. KISSAN SEWA CENTRE - ADDA SAINSRA 20.00
336. HARYANA TRADING COMPANY - GOHANA 86.56
337. CHOUDHARY TRADING COMPANY - AMBALA 492.35
338. ZIMIDARA PESTICIDES & FARTILIZER - 211.40
339. TIRUPATI KRISHI KENDRA - NAGPUR 1.38
340. SHAKTI FERTILIZERS - SAIKHEDA 18.14
341. TYAGI TRADERS - DEOBAND 30.07
342. MEERA SEEDS CENTER - LAIKERA 92.46
343. MAA DAKHINAKALI AGRO AGENCY - KACHE 13.20
344. BHABANI ENTERPRISES - SWAMPATNA 19.18
345. SRI VENKATESHWARA TRADERS - BHAVANI 292.33
346. YASHWANT KRISHI UDYOG - TIRHE 343.74
347. KISHAN BEEJ BHANDAR - SAI (BHIWANI) 143.55
348. SRI KRISHNA FERTILIZERS - 465 RD 290.60
349. SHRI SAI BALAJI AGRO AGENCIES - KAL 0.62
350. NIRMAL KRUSHI SEVA KENDRA - KACHURW 80.58
351. VIJAY KRISHI SEWA KENDRA - NAWEGAON 19.31
352. ARYAN FERTILIZER - JIND 15.16
353. SONU TRADING COMPANY - SHAHZADPUR 416.90
354. SHRI RAM FERTILIZER - DHAND 137.17
355. AGRI CLINIC & AGRI BUSINESS CENTRE 10.01
356. TULSA TRADERS - DELI 62.91
357. DOLAMANI GARTIA - AMBABHONA 147.17
358. SHREE AGRO AGENCY - PISHORE 238.73
359. GREEN FIELD - BADABARANGA 21.80
360. KRUSHAK BHANDAR - SUNAPAL 11.68
361. MANIKANTA AGROS - MUDIGONDA 223.68
362. LAXMINARAYAN STORE - BETADA 120.39
363. KRISHI KALYAN - TRISHULAPATTI 74.93
364. BANESWAR PATRA - GUSKARA 136.36
365. ADARSH KRISHI PARAMARSH - KANNOD 305.86
366. JAGDAMBA KRUSHI SEVA KENDRA - TISGA 61.37
367. SAWANT BEEJ BHANDAR - ADAMPUR MANDI 152.61
Sr. No. Customer name Addition Q3 2019-20
368. SRI JAGADAMBA FERTILISERS - KANAKAP 313.27
369. ANJAL AGRO DIVISION - ISMAILABAD 159.49
370. ROHIT FERTILIZER - DANODA KALAN 100.00
371. SANGWAN BEEJ BHANDAR - CHARKHI DADR 142.93
372. SAHARAN FERTILIZER & COMMISSION AGE 160.45
373. KISAN PESTICIDES & FERTILIZER - BHA 24.07
374. VASUNDHARA AGRI MART - MALOLI 6.71
375. SRI SAI AGENCIES - GUNDAMPALLY 136.17
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376. SRI VENKATESWARA PEST., FERT. & SEE 39.70
377. OM ENTERPRISES - DHOLPUR 107.76
378. KONDLA NARAYANA & CO. - BEJJANKI 50.86
379. MARUTI ENTERPRISES - KHANDWA 1.00
380. YADAV BEEJ BHANDAR - JIND 5.81
381. GURUKRUPA KRUSHI KENDRA - RANISAWAR 5.55
382. AGRO CHEMICAL AGENCIES - MANESWAR 757.86
383. SIDDI VINAYAKA TRADERS - NARAYANKHE 74.48
384. VAIBHAV KRUSHI SEVA KENDRA - CHIKHA 30.96
385. SHREE SAI SIDDHI AGRO AGENCIES - DH 225.79
386. SAI RAM AGENCIES - IRSULAPURAM 183.18
387. KANAKA LAXMI AGRO CHEMICAL STORE - 208.68
388. MAHIMA KRUSHI SEVA KENDRA - PANCHGA 95.60
389. KISAN BEEJ BHANDAR - PAOTA 62.19
390. SURYA AGRO AGENCIES - GABBUR 486.16
391. KAVERI SEEDS & PESTICIDES - PUTTAVA 389.99
392. PRANITI KRUSHI KENDRA - PANDHREWADI 13.63
393. ECO SAFE WASTE MANAGEMENT PRIVATE 43.47
394. BOBBY TRADERS - BEWAR 15.13
395. CHIRIPAL INDUSTRIES LTD. 42.31
396. SIDDHESHWARI CORPORATION 51.24
397. MEAGA COMMERCE 290.58
398. PREM INDUSTRIES 2.31
399. TULSI TRADERS 19.86
400. SHWETA AGRO SYNDICATE 7,145.76
401. SHREE JAGDAMBA TRADING CO. 11.77
402. THE M.A.I.D.C LIMITED -300.38
403. VISHWESHWAR KRUSHI SEVA KENDRA - UG 112.60
404. SHWETA AGRO SYNDICATE 480.00
405. M/S SHIVNERI ENTERPRISES 64.00
406. SHIVALIK INDUSTRIES 556.71
407. S.K.INTERNATIONAL 279.70
408. ANSARI STEEL 405.41
409. EXEL CHEMICALS (I) PVT. LTD. 40.89
410. ANUPAM CREATION PVT LTD 14.05
411. THE GENERAL MANAGER (BNP) 230.93
412. POOJA CHEMICALS 29.47
Sr. No. Customer name Addition Q3 2019-20
413. DIC INDIA LMITED. 271.95
414. K K POLYCOLOR ASIA LTD 220.51
415. RAJ TRADERS 93.99
416. Kiri Advance -2,834.40
Total Bad Debts during the Q3 2019-20 36251.90
Add -
Sundry Balance Written Off / Back (1,466.17)
Bad Debts 461.97
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Query 3 Please provide details of the Available for sale investments and disclose the investment yield on these products. Response to Query 3
Particulars
Amount in Rs. In Thousand
LIC MF Liquid Fund Direct Plan Growth - MOL 1,00,000.00
Current Investments in Mutual Funds (IND AS) - MOL 265.83
Available for sale investments - Company (A) 1,00,265.83
ICICI Prudential Liquid Fund - MFL 1,20,275.58
Current Investments in Mutual Funds (IND AS) - MFL 723.08
Available for sale investments - MFL (B) 1,20,998.66
Available for sale investments - Group (A+B) 2,21,264.49
Investment Yield :-
Statement showing performance as on 01-Sep-19
Scheme Name YTM (%)
Liquid Fund
LIC MF Liquid Fund - Direct (G) 6.12
AXIS Liquid Fund - Direct (G) 6.01
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Statement showing performance as on 31-Dec-19
Scheme Name YTM (%)
Liquid Fund
LIC MF Liquid Fund - Direct (G) 5.25
AXIS Liquid Fund - Direct (G) 5.26
Query 4 The Company has Cash and bank balance of Rs 230.51 million as at 31 December 2019 and please demonstrate how the Company has sufficient working capital to meet its Borrowings obligations of Rs 2.85 billion as they come due in one year or less or on demand. Response to Query 4
The Company has sufficient Working Capital limit and the balance of Profit earned during the year to meet borrowing obligations..
Query 5 Paragraph 1.2 of Appendix 7.2 of Listing Manual requires issuer to state reason if no dividend has been declared. Please disclose accordingly. Response to Query 5
The Profit has been ploughed back for capital expenses. The management normally decides for the dividend at the end of the financial year on the basis of Profit available for appropriation after its requirement.
Query 6 An Interested Person Transaction (“IPT”) mandate is subject to annual renewal with requirements set out in Rule 920. The Company’s IPT mandate expired on 31 March 2019 as it has not been renewed at its AGM FY2019. Please disclose all IPTs which took place from 1 April 2019 onwards and whether the Company is in compliance with Chapter 9 of the Listing Manual, in particular Rule 905 and 906. Response to Query 6
The Group NTA is around Rs. 57 Crore (5%). By Order of the Board Kamlesh Dinkerray Mehta Company Secretary 21 February 2020
